It is amazing how quickly cellphones loss their values, kind of reminds me of the prices you see with new cars; the prices drop precipitously the moment you purchase them. I purchased an iPhone 4S for just a little over $500 about a year ago and last month I was offered just a measly $95 from Radio Shack. I thought that was an absolute insult. Guess they thought I was a crackhead or something. After shopping around, I managed to get cash offer of $235 from a website called UpgradeCell.com. My word of caution to those waiting in long lines to drop big bucks on the latest and greatest would be to wait a bit after the new model is introduced before purchasing to determine how well they are received by the general public and how well the price holds up.